NFTs are just starting to tap their potential. UNICEF's Gigaglobal utilizes nonfungible tokens to raise funds to connect schools in developing countries to the internet. (Reporting via gazza_jenks)
Developed countries often take for granted the ubiquity of the internet. But the reality is that some 2.9 billion people still don’t have connectivity to the World Wide Web.
Gerben Kijne, blockchain product manager at Giga, outlined the firm’s Project Connect initiative at the Blockchain Expo in Amsterdam. Giga has made strides in connecting schools to the internet in developing countries around the world. Having identified a huge number of schools in need of internet accessibility, the next step in the process was creating a novel fundraising initiative that tapped into the world of blockchain, cryptocurrencies and nonfungible tokens .
The NFT public sale raised around 240 Ether in totality, valued at $700,000, which went directly to connecting schools to the internet. Kijne conceded that the value raised was secondary to the exploration of a different kind of philanthropic fundraising.
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